Sentences with phrase «while licensed brokers»

Not exact matches

It was fined by CySEC for violations of the conditions of its license, while Japan's FSA, and the Ontario Securities Commission warned the broker is not authorized to operate in the respective jurisdictions.

While dog breeders that produce dogs to sell to brokers must be licensed by USDA, those that sell puppies directly to the consumer are not required to hold a federal license; in Oklahoma they are not required to meet any standards at all.

In the last few years, many states have implemented various licensing requirements for advisors, agents, brokers and providers who work with life settlements, while others have little or no licensing regulation.

While the firm's website is currently not accessible, information from Scambroker, a website that scrutinizes securities brokers and dealers, shows that the firm has been handling cryptocurrency trading services and is not registered with the FCA as a licensed broker.

Incomes also varied by license type, as members licensed as brokers in 2014 earned $ 65,300 ($ 66,300 in 2013), while the median earnings for sales agents decreased $ 1,100 from the previous year to $ 33,900.

A few years ago, while raising babies, she got her bachelor degree and broker license.

She attained her broker's license with the largest real estate firm in the city in 1985, developing her office into one of the highest earners in the company, while being promoted to Regional VP along the way.

While less certain, the broker still may ultimately be responsible for the assistant's actions due to the fact that the salesperson is licensed with the broker.

The current Superintendent of Real Estate Brokers, whose office is part of the Financial Institutions Commission, handles unlicensed sales individuals, while the council handled licensed individuals.

The two statutes were in conflict, since the license law required broker supervision of the salespeople yet allowed them to operate as independent contractors, while the independent contractor statute demands that the independent contractor not be involved in the usual business of the entity and also be individually established in the trade or business for which they are providing the service.

House Bill 747 Real Estate Brokers - Licensure Requirement - Exemption for Lawyers limits an existing licensing exemption for lawyers by requiring that the lawyer is authorized to practice law in the state and is providing real estate brokerage services while representing another person during the course of the lawyer's regular practice of law.

141 DOS 93 Matter of DOS v. Pozzanghera - salesperson can't own voting stock or be officer of licensed corporation (175.22); separate escrow account required (175.1); unlicensed name; illegal to claim or retain commission for services while not properly licensed; failure to pay judgment; failure to file termination of associate card; representative broker liable for illegal ads; revocation of broker's license discontinues salesperson's association per RPL § 441 - d

730 DOS 02 DOS v. New World Realty of New York, Inc. — availing of license; deposits; disclosure of agency relationships; duty to supervise sales associates; failure to pay judgment; proper business practices; DOS has jurisdiction where disciplinary action was started while individual was licensed as an associate broker and was eligible to automatically renew at the time of the disciplinary hearing; salesperson owned voting stock in licensed corporate real estate broker, failed to pay judgment and failed to present evidence of inability to do so, and engaged in unlicensed activity after license expired; representative broker availed corporate real estate brokers license to salesperson; representative broker failed to properly supervise salesperson by permitting and authorizing salesperson to act as a real estate broker; broker and salesperson failed to make agency disclosures and failed to deposit funds of principal in a special bank account; real estate transaction conducted was a fraudulent business practice; DOS fails to prove the unauthorized practice of law; salesperson's license revoked and salesperson ordered to pay refund of $ 1,406.00 of illegal commission collected; representative broker's license revoked and broker ordered to refund $ 74.00 of illegal commission collected; representative broker fined $ 5,000.00

1 DOS 98 Matter of DOS v. Fiumera - proper business practices; broker licensed in her individual name violates RPL § 440 - a when not also licensed as an associate broker while working under the name and auspices of another broker; broker not required to disgorge commission where individually licensed and additional associate broker's license would be issued pro forma upon payment of licensing fee; broker did not engage in fraudulent practice when advised homeowner that radon report was acceptable when reasonably acted upon advice given to her by the party taking the test; broker's offer to pay for remedial work indicates a good faith offer of settlement; $ 250 fine

The Supplemental Course can be taken at anytime, while licensed as a representative, associate or managing broker.

145 DOS 99 Matter of DOS v. Reles - jurisdiction; proper business practices; unearned commissions; surrender of license by broker does not divest DOS of jurisdiction; broker pleads no contest to charge that he conducted regulated real estate transactions under an unlicensed name; fees charged while conducting activity under an unlicensed name are unearned; broker fails to execute written Consent Order and make restitution in accordance with no contest plea; license revoked, no action on further licensure until proof submitted of payment of restitution

Seventeen percent of commercial members have a broker - associate license while appraisal license holders account for 5 percent, also consistent with last year.

79 DOS 99 Matter of DOS v. Pagano - disclosure of agency relationships; failure to appear at hearing; proper business practices; unauthorized practice of law; unearned commissions; vicarious liability; fraudulent practice; jurisdiction; ex parte hearing may proceed upon proof of proper service; DOS has jurisdiction after expiration of respondents» licenses as acts of misconduct occurred and the proceedings were commenced while the respondents were licensed; licensee fails to timely provide seller client with agency disclosure form prior to entering into listing agreement and fails to timely provide agency disclosure form to buyer upon first substantive contact; broker fails to make it clear for which party he is acting; broker violates 19 NYCRR 175.24 by using exclusive right to sell listing agreement without mandatory definitions of «exclusive right to sell» and «exclusive agency»; broker breaches fiduciary duties to seller clients by misleading them as to buyer's ability to financially consummate the transaction; broker breaches his fiduciary duty to seller by referring seller to the attorney who represented the buyers when he knew or should have known such attorney could not properly protect seller's interests; improper for broker to use listing agreements providing for broker to retain one half of any deposit if forfeited by buyer as such forfeiture clause could, by its terms, allow broker to retain part of the deposit when broker did not earn a commission; broker must conduct business under name as it appears on license; broker engaged in the unauthorized practice of law in preparing contracts for purchase and sale of real estate which did not contain a clause making it subject to the approval of the parties» attorneys and were not a form recommended by a joint bar / real estate board committee; broker demonstrated untrustworthiness and incompetency in using sales contract which purported to change the terms of the listing agreement to include a higher commission; broker demonstrated untrustworthiness and incompetency in using contracts of sale which were unclear, ambiguous, vague and incomplete; broker failed to amend purchase agreement to reflect amendment to increase deposit amount; broker demonstrated untrustworthiness in back - dating purchase agreements; broker demonstrated untrustworthiness in participating in scheme to have seller hold undisclosed second mortgage and to mislead first mortgagee about the purchaser's financial ability to purchase; broker demonstrated untrustworthiness by claiming unearned commission and filing affidavit of entitlement for unearned commission; DOS fails to establish by substantial evidence that respondent acted as undisclosed dual agent; corporate broker bound by the knowledge acquired by and is responsible for acts committed by its licensees within the actual or apparent scope of their authority; corporate and individual brokers» licenses revoked, no action taken on application for renewal until proof of payment of sum of $ 2,000.00 plus interests for deposits unlawfully retained

Another section of interest seems to work against real estate investors who want to lease their own properties from getting a real estate license in Virginia because the investor would have to be under the supervision of a broker while they are a licensed salesperson (at least three years) despite owning the property (if I am reading this correctly):

Incomes also varied by license type, as members licensed as brokers earned $ 66,300 in 2013, while the median earnings for sales agents increased $ 1,000 from the previous year to $ 35,000.

As a now retiring broker I can say that since acquiring a real estate license in the early 1970's I have realized the importance of constantly expanding my product and customer knowledge while incorporating that with another important skill set that is the meaning of words.

Members licensed as brokers earned a median of $ 73,700 last year, while sales agents earned $ 34,600.

While a real estate broker's license is the most common type of requirement for property managers, some state real estate boards require a property management license to engage in business related to leasing and managing rental properties.

In some states, agents must be sponsored by a broker while they are working to get their license.

While certain key roles, such as that of the head licensed broker, may overlap, other attributes of the structure can be completely different.